New York City’s Rockaway Peninsula is an 11-mile strip of beach, parks and homes in southern Queens that took Hurricane Sandy’s storm surge on the chin. Waves uprooted houses and a boardwalk, flooded neighborhoods and washed 1.5 million cubic yards of sand from beaches. That’s more than enough to fill the Empire State Building.
Even before he’s sworn in as New York’s 109th mayor on Jan. 1, Bill de Blasio is planning to take his campaign for income equality, urban-friendly transit and affordable housing to an audience across the U.S.
More than 250,000 Americans selected private health-insurance plans through Obamacare enrollment systems last month, twice as many as in October when the exchanges opened amid technology errors and outages.
When President Barack Obama, Supreme Court Justice Sonia Sotomayor, Fox’s Bill O’Reilly and rapper Snoop Dogg are in the house, this must be the Kennedy Center Honors, the annual salute to artists who have made extraordinary contributions to American culture.
In the twilight of Mayor Michael Bloomberg’s tenure, a New York agency will vote next week to give developers $120 million in tax breaks for two of his signature projects: a new district of offices, apartments and shops on the far west side of Manhattan, and a hotel and mall in a Queens neighborhood filled with auto shops and junkyards.
Support is growing for revisions to the New York state tax code including rate cuts, with Democratic Governor Andrew M. Cuomo and Republican legislative leaders proposing changes to every major levy in the state.
Linklaters LLP advised ThyssenKrupp AG, Germany’s largest steelmaker, on its agreement to sell its U.S. plant to ArcelorMittal and Nippon Steel & Sumitomo Metal Corp. as it seeks to offload operations that are the worst investments in its more than 200-year history.
Around the side or back doors and down 10 steps of the single-family homes in Ozone Park, Queens, lies a netherworld of illegal basement dwellings -- a byproduct of New York’s chronic housing shortage.